City of London, audit

11 April, 2018

Watchdog to step up monitoring of largest audit firms

A watchdog is to step up its monitoring of the UK's six biggest audit firms, in particular their leadership arrangements. The Financial Reporting Council (FRC) said that among a collection of five ...
Facebook

3 April, 2018

Zuckerberg must quit Facebook, says New York pension fund official

A new chairman should step in place of Facebook’s Mark Zuckerberg, in an attempt to repair its reputation regarding data privacy, according to a major US pension fund official. New York City comp...
Big Four, PwC, Deloitte, EY, KPMG

1 April, 2018

Grant Thornton’s decision throws a cloud over audit market

After a huge effort to reform the audit market with European Union legislation, it now appears that auditors and audit in the UK seem to be struck by profound uncertainty all over again. A successi...

29 March, 2018

Watchdog to review Aviva’s plan to cancel preference shares

Aviva could face a regulatory probe over efforts to cancel £450m in preference shares. The Financial Conduct Authority (FCA) has confirmed in a letter to a powerful House of Commons committee that...
executive pay, remuneration, salary

29 March, 2018

Will a private company governance code really duck executive pay?

According to reports, executive pay is off the agenda for the corporate governance code for private companies in the UK. James Wates, chairman of Wates Construction and the man appointed by governm...
James Wates

27 March, 2018

Code for private companies will leave out executive pay

A new governance code for UK private companies will say nothing on executive pay, it has been revealed. The businessman leading the project to define a code for private companies has said that the ...
Telecom Italia

23 March, 2018

Telecom Italia executives quit, as investor Elliott calls move ‘stalling’

A slew of board members have quit Telecom Italia, including executive chairman and Vivendi CEO Arnaud de Puyfontaine (pictured), in what is seen as an attempt to block activist investor Elliott Adviso...
City of London, financial services, financial regulation, FCA

23 March, 2018

‘Monocultures’ in financial firms lead to governance issues, says regulator

Financial firms with a lack of diversity make less money and suffer more problems with governance issues, according to a senior City regulator.
Greg Clark, business secretary, governance reform

20 March, 2018

UK directors and shareholders face tougher post-insolvency regulation

Punishing the bad behaviour of directors and recouping creditor funds during corporate insolvencies is the target for the UK government. A consultation by the Department for Business, Energy & ...
Carillion

20 March, 2018

Former FDs at Carillion face probe over financial statements

Two finance directors are to be investigated for their conduct in preparation of financial statements at the collapsed construction giant Carillion. Zafar Khan and Richard Adams, both former group ...